UPDATE: Citi Maintains Delek US (DK) at Neutral, Lowers PT (correction)

Citi analyst Prashant Rao maintains Delek US (NYSE: DK) at Neutral with a price target of $24.00 (from $26.00).

The analyst comments "We are lowering 1Q21 EPS to -$1.40/sh; effectively in line with consensus. Our changes are driven by weaker refining versus our prior expectations due to higher cost assumptions, partly offset by a stronger expected DKL contribution. Our 2021E EPS moves down to -$2.05/sh. Our DCF-based TP moves down to $24/sh, based on updated WACC and terminal value assumptions."

For an analyst ratings summary and ratings history on Delek US click here. For more ratings news on Delek US click here.

Shares of Delek US closed at $21.91 yesterday.

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